CRC to is­sue $45b in cor­po­rate bonds

China’s state plan­ner has ap­proved plans by China Rail­way Cor­po­ra­tion to is­sue 300 bil­lion yuan ($44.91 bil­lion) of bonds, as the coun­try ramps up in­vest­ment in in­fra­struc­ture to sup­port a slow­ing econ­omy. Two-thirds of the funds are ear­marked for rail­way con­struc­tion